Though left for dead by most investors, shares of telecom equipment maker Alcatel-Lucent (NYSE: ALU) have been on fire, rising almost 70% over the last six months alone. Its ongoing recovery remains a topic of fierce debate. On one hand, the company's currently in the middle of a massive restructuring effort aimed at restoring it to its former glory. On the other hand, the competition in its industry is about as fierce as it gets. What's an investor to make of it all? Fool contributor Andrew Tonner breaks it down in the video below.